Gas prices in Europe jumped 8.4% at the opening of exchange trading on September 8 amid news of the start of strikes at Chevron LNG plants in Australia, Report informs referring to the London Stock Exchange ICE.
The cost of October futures at the TTF hub in the Netherlands rose to $394 per 1,000 cubic meters, or 35.5 euros per MWh (based on the current euro/dollar exchange rate, ICE prices are indicated in euros per MWh).
Earlier, the Offshore trade union alliance, which unites workers in the gas producing and gas processing industries of Australia, announced the start of a strike by workers at two LNG plants of the oil and gas company Chevron on September 8, at 08:00 Moscow time. This happened after failed negotiations on pay and working conditions with the administration of Chevron.